20MillionDinar

I'm confused.... Did Scooter get banned from DV or something?

Funny you bring this up... I was just told about the Food Grade Hydrogen Peroxide method a few days ago by a good friend of mine. Interesting...

Dinarified!

There are quite a few people who have done that already. Just figure out who you would like to bank with and go with them...

Amen!

Thank you everybody for your opinions and information. I always love to read through a civilized debate... Some of my favorite people I like to follow in this forum are right here in this thread: Darin, Keep, Jim, Quadrophonic, Imgessing. All bring valid points to the table and can bounce things off of each other basically covering all aspects of this investment. Keep up the good work!

Thanks for the heads up in regards to the Arab Banking Conference Z.

American Savings Bank is a subsidiary company of Bank of America. If BOA decides to exchange the Dinar if/when it RV's then I am thinking ASB might also exchange our dinars for us as well.

Excellent post Darin! Could somebody please present the above post to Maliki and Shabibi. Thank you.

Hey Keepem, I always hear people saying that the currency will more than likely be on a managed floating exchange rate rather than a floating exchange rate due to volatility. Does this mean that right now with the currency being a "program rate" it is actually less valuable than 1170 at this time? 1) What I am wondering is if the currency was on a floating exchange rate RIGHT NOW instead of the program rate, would it be worth less or more? 2) If it RV's and is then on a floating exchange rate, do you think that volatility would defeat the purpose of the RV. Meaning value of the currency rate would decline...? Hope these questions made sense.

LOL. Ok now I understand... Thanks Mr.Rich for clearing this up for me.

What the hell does somebody's total post count on a public dinar forum have anything to do with their knowledge or financial background? You are the one people should be laughing at as your post has no value whatsoever.

My thoughts exactly...

I see what you are saying JMW, makes sense. Not right away, but somewhere in the near future they would either need coinage or smaller denoms if they decided to RV. Gotcha! I agree and have always thought that once it RV's the "new rate" will apply to all existing bills. All I was getting at was the point that a need for coinage or smaller denomination would be necessary even at an RV rate of $0.01. Do you agree JMW?

Example: Let's say the IQD = $0.01. Ok, this would mean a 50 Dinar Note = $0.50 Can we all agree? Now, let's say the Iraqi small business owner imported 50 pencils using that 50 dinar note from China which cost him exactly 50 Dinar. You said there is no need for smaller denominations with an RV, so because there are no small denominations in Iraq the business owner will be forced to sell ONE pencil that he technically bought for 1 Dinar for 50 dinars to the iraqi citizens? This is 50x the original purchase price. I don't think this would work so well. Now think about everything that costs less than $.50 and it would be the exact same scenario. I hope you understand what I am saying...

I swear it was the Japanese who bombed Pearl Harbor... I've been out to the U.S.S. Arizona memorial and the ship that is under water still leaks oil to the surface to this very day. Oh yea, not going to sell out my Dinar either. When it comes to other investments I just use my "other" capital to leverage. There is no need to liquidate one investment to leverage in another...

Do you know which base your cousin was stationed at out in Hawaii? MCBH...?Schofield...? Just curious...

Hawaiian Home Growns.... LOL jk

Exactly! I agree with you LaGrange 100% on this. Don't just go trusting anybody with your money... Fund managers are dime a dozen. Research, due diligence, following a proven track record, these are all very important factors when choosing a trader or Managed Trading Account. Thanks for the input LaGrange.

You bring up a good point. Whatever happens to our (speculators) dinar will happen to any and all government officials' dinar holdings...

Sorry mods if I put this in the wrong section. Wanted to get Dinarified if possible! Thank you.

JMW I am curious why they would not need lower denoms with a RV? How does that even make sense? If they RV the IQD at even 1 penny the smallest note in circulation (50 note) would be worth $0.50. Is it possible to have the smallest note worth $0.50? Just curious... If the Dinar went to $.02 then the smallest note (50 IQD) would be worth $1. Do you see what I'm getting at? Unless you are talking about an RV that takes the rate from 1170 to like 500 dinars to the dollar... Please clarify the reasoning behind your statement. Thank you in advance.

Why doesn't somebody else open up shop around here? It's a free market...

Not sure why somebody Neg'd (-1) you but I evened you out. You were simply stating what the "Gurus" were saying and making a point that Warka would probably fall under the Tier 3 if this was even what was really going on...